Topic > Small is beautiful Essay - 727

Schumacher stated that “The development of science and technology in the last hundred years has been such that the dangers have grown even faster than the opportunities” (“Small is beautiful” 13). It states that “there is renewed concern that technological progress could displace a large part of the manufacturing (and non-manufacturing) workforce, creating widespread unemployment”. According to statistics, the existence of between 50,000 and 100,000 industrial robots leads to the loss of 100,000 jobs (“Does more technology create unemployment?”). From this point of view, it is good that many companies and factories do not need to hire a lot of workers. On the other hand, around 100,000 people lose their jobs. That's a remarkable number. Also, there are many consequences after losing many jobs. Many people become unemployed. Unemployment leads to a decrease in one's own economic income and that of one's families. The decrease in income leads to the decrease in demand for goods. If the national unemployment rate increased dramatically, this would affect the social economy; Furthermore, technology causes the problem of